Prior sales of the subject property should be noted, but are always irrelevant to the value of land.

Question

Quizplus · Accepted Answer

The prior sales of the subject property can provide useful information in determining the value of the land, such as identifying trends in the local real estate market and determining the property's appreciation or depreciation rate. However, it is not the only factor that determines the value of the land. Other factors such as location, zoning, and surrounding amenities must also be taken into account.

Prior Sales of the Subject Property Should Be Noted, but Are